if you've been around here for a while you'd know that there is no correlation whatsoever between earnings and PR's. in fact, i'd make the case that if there was a correlation it would be inverse, meaning fewer PR's = better earnings. i was in best buy recently and right there, front and center is a mophie display. HPJ said in the february press release that this would be "significant" to earnings but i think investors are taking a wait and see approach. my advice would be to buy before you see because this is going to be big.
they didn't cure cancer, but with a $63mm market cap, this news has some promise to move the stock.
Just like PBMD did the day after it was up 100% ... Oh, wait, it was up 250% on day 2. Nevermind.
and I think that is just beginning. if you are savvy enough to take your 5 bagger in PBMD and flip into another quick 5 bagger here in ISR, that would be a dream couple of days.
wouldn't be surprised to see the same here.
the metrics look net/net about the same qtr/vs yr ago qtr and adj eps was up $.40 this quarter over last year Q1. extrapolating that $.40 increase gives us about $0.75/share in Q2. That's REALLY back of the envelope.
remember they said they'd save about $1/gallon, which should equate to over $1/share in eps THIS QUARTER! plus increased volumes. minus dollar strength and fuel surcharges. i have a hard time believing they don't blow out estimates.
based on earlier guidance on fuel costs, sales forecasts and updated margins, my calculations have them crushing estimates. more like $4/share for the year. we'll see - i might be missing something.